Joby Aviation (JOBY -4.87%) has long been one of the most ambitious names in electric aviation. The company aims to integrate air taxis into everyday life, offering fast, quiet, and zero-emission flights across congested cities.
Most investors see flying taxis as science fiction. But while skeptics debate whether electric vertical takeoff and landing (eVTOL) aircraft will ever move beyond tech demos, Joby Aviation (JOBY -1.35%) is assembling its first certification-ready aircraft and booking passengers for 2026 flights in Dubai.
SANTA CRUZ, Calif.--(BUSINESS WIRE)--Joby Aviation, Inc. (NYSE: JOBY) (“Joby”), a company developing electric air taxis for commercial passenger service, announced today the closing of an underwritten offering of 35,075,000 shares of its common stock at an offering price of $16.85 per share. The shares of common stock issued and sold in the offering include 4,575,000 shares issued upon the exer...
Joby Aviation raised $514 million via equity to fund eVTOL certification and manufacturing, causing a 9% stock drop. Capital raises are routine for eVTOL developers like JOBY, given high development costs and a lack of near-term revenue or cash flow. Valuation metrics suggest JOBY is fairly valued at 12x P/B, with potential downside if historical multiples are applied, and more capital raises a...
Joby Aviation Inc. (NYSE: JOBY) opened roughly 10% down on Wednesday after revealing plans of a major stock offering that it said will result in more than $500 million in gross proceeds. In its press release, the air taxi company said it will sell 30.5 million shares at $16.85 apiece – with an additional 4.
Shares of Joby Aviation (JOBY -8.80%) were moving lower today after the maker of electric vertical takeoff and landing (eVTOL) vehicles held a follow-on stock offering last night.
Joby Aviation Inc (NYSE:JOBY) shares slid nearly 11% to $16.90 in late-morning trading on Wednesday after the electric air taxi developer priced its previously announced underwritten equity offering at $16.85 per share. The offering is priced at a substantial discount to the stock's closing price of $18.91 on October 7, 2025.
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